Q2 2026 13F · SEC CIK 1398739

Employees Retirement System of Texas

Pension fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $10.8B
Reported positions: 507
Top holdings a year, 3 yrs: +25.4%
Average holding period: 7.7 yrs

Employees Retirement System of Texas is a pension fund that reported 507 positions worth $10.8B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation Com (NVDA, 6.1%), Apple Inc (AAPL, 5.7%), Microsoft Corp (MSFT, 4.5%). A portfolio copying its top holdings returned 25.4% a year over the last 3 years, against 20.4% for the S&P 500.

Employees Retirement System of Texas holdings largest 50 of 507 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Employees Retirement System of Texas 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	6.1%	6.4%	3,271,822	-7.5%	$654.7M
AAPLApple Inc	5.7%	5.4%	2,116,984	+3.5%	$612.6M
MSFTMicrosoft Corp	4.5%	5.3%	1,290,234	-6.2%	$481.3M
AMZNAmazon Com Inc Com	4.1%	4.0%	1,847,315	-0.3%	$440.3M
GOOGAlphabet Inc	3.5%	2.6%	1,076,258	+22.4%	$380.3M
AVGOBroadcom Inc	2.8%	2.7%	790,055	-6.7%	$298.4M
AMDAdvanced Micro Devices Inc	2.0%	0.8%	365,075	-1.6%	$212.1M
PANWPalo Alto Networks Inc	2.0%	1.1%	617,726	-1.7%	$210.7M
METAMeta Platforms Inc Class A	1.8%	1.9%	352,086	+10.6%	$198.3M
GOOGLAlphabet Inc	1.7%	1.5%	498,268	+2.4%	$178.1M
VGKVanguard Intl Equity Index F	1.6%	1.7%	1,997,090	+0.0%	$176.8M
LLYLilly Eli & Co	1.6%	1.7%	142,500	-17.6%	$170.9M
WDCWestern Digital Corp	1.6%	—	261,689	—	$167.1M
JPMJpmorgan Chase & Co	1.5%	1.6%	504,900	-1.7%	$165.3M
MAMastercard Inc.	1.5%	1.4%	310,608	+19.2%	$159.5M
XOMExxon Mobil Corp	1.5%	2.1%	1,154,357	-1.6%	$157.8M
VVisa Inc Com Cl A	1.4%	1.4%	440,354	-0.3%	$151.1M
TSLATesla Inc Com	1.3%	1.4%	343,313	-2.4%	$144.4M
BACBank of Amer Corp	1.3%	1.2%	2,445,089	+6.2%	$139.3M
MUMicron Technology Inc	1.2%	—	115,273	—	$133.1M
VEAVanguard Tax-Managed Fds	1.2%	1.2%	1,798,331	+0.0%	$128.1M
JNJJohnson & Johnson	1.2%	—	490,900	—	$124.7M
FCXFreeport Mcmoran Inc Cl B	1.1%	1.1%	1,935,702	+4.6%	$121.7M
CATCaterpillar Inc Com	1.1%	—	114,114	—	$121.5M
AMATApplied Matls Inc	1.1%	—	164,101	—	$118.6M
ABBVAbbvie Inc	1.0%	1.0%	448,200	-1.7%	$112.8M
XBISpdr Series Trust	1.0%	0.9%	676,872	-1.7%	$107.1M
MSMorgan Stanley Com New	1.0%	0.8%	508,300	+11.0%	$106.3M
ANETArista Networks Inc	1.0%	0.8%	624,891	-1.6%	$106.2M
UNHUnitedhealth Group Inc Com	1.0%	—	253,319	—	$105.3M
HDHome Depot Inc Com	1.0%	1.2%	296,775	-17.0%	$104.7M
WMTWalmart Inc	1.0%	1.4%	912,700	-14.4%	$103.4M
PMPhilip Morris Intl Inc Com	1.0%	—	566,479	—	$102.5M
CDNSCadence Design System Inc	0.9%	0.9%	261,857	-16.8%	$98.3M
SCHWSchwab Charles Corp	0.9%	1.1%	1,059,367	-1.6%	$97.7M
NEMNewmont Corp	0.9%	1.3%	1,028,934	-7.8%	$96.1M
COSTCostco Whsl Corp New	0.9%	1.2%	100,933	-13.6%	$94.4M
PHParker-Hannifin Corp	0.9%	1.2%	94,986	-24.9%	$92.9M
AMEAmetek Inc	0.9%	0.8%	379,304	+11.4%	$91.8M
FASTFastenal Co	0.8%	0.8%	1,880,754	+16.1%	$90.3M
FITBFifth Third Bancorp	0.8%	0.8%	1,600,100	-1.7%	$90.2M
KOCoca Cola Co	0.8%	1.0%	1,081,300	-16.8%	$87.9M
ALLYAlly Financial	0.8%	0.8%	1,824,746	-1.7%	$83.8M
TMOThermo Fisher Scientific Inc	0.8%	0.8%	161,033	-1.6%	$80.7M
ISRGIntuitive Surgical Inc	0.7%	0.8%	202,332	+15.5%	$80.5M
NXPINxp Semiconductors N V	0.7%	—	283,762	—	$79.7M
ETREntergy Corp.	0.7%	0.8%	659,975	-1.7%	$75.8M
ETNEaton Corp PLC	0.7%	—	172,333	—	$73.4M
TJXTjx Cos Inc New Com	0.7%	0.8%	481,988	-2.6%	$73.0M
EQIXEquinix Inc	0.7%	0.8%	70,050	-6.0%	$73.0M

What Employees Retirement System of Texas bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.7% /yr; S&P 500 +20.1%
3 years: +25.4% /yr; S&P 500 +20.4%
5 years: +14.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$10.8B	507
Q1 2026	$9.6B	489
Q4 2025	$10.5B	492
Q3 2025	$10.6B	503
Q2 2025	$10.4B	519
Q1 2025	$9.1B	259
Q4 2024	$10.0B	305
Q3 2024	$9.8B	329
Q2 2024	$9.1B	310
Q1 2024	$9.1B	322
Q4 2023	$8.5B	334
Q3 2023	$6.7B	291

Questions about Employees Retirement System of Texas's portfolio

What stocks does Employees Retirement System of Texas own?

Employees Retirement System of Texas's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 507 positions worth $10.8B. The largest are Nvidia Corporation Com (NVDA) at 6.1%, Apple Inc (AAPL) at 5.7%, Microsoft Corp (MSFT) at 4.5%, Amazon Com Inc Com (AMZN) at 4.1% and Alphabet Inc (GOOG) at 3.5%.

What did Employees Retirement System of Texas buy last quarter?

In Q2 2026, Employees Retirement System of Texas added Alphabet Inc (GOOG) (+22.4% shares), Mastercard Inc. (MA) (+19.2% shares) and Fastenal Co (FAST) (+16.1% shares), compared with its Q1 2026 filing.

What did Employees Retirement System of Texas sell last quarter?

In Q2 2026, Employees Retirement System of Texas cut from its top 50 Ishares Gold Trust (IAU), cut from its top 50 Netflix Inc Total (NFLX), cut from its top 50 Motorola Solutions Inc (MSI), cut from its top 50 Danaher Corporation (DHR), cut from its top 50 T-Mobile US Inc (TMUS), Parker-Hannifin Corp (PH) (-24.9% shares), Lilly Eli & Co (LLY) (-17.6% shares) and Home Depot Inc Com (HD) (-17.0% shares), compared with its Q1 2026 filing.

How has Employees Retirement System of Texas's portfolio performed?

A portfolio copying Employees Retirement System of Texas's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.7% against +20.1%. Over 5 years: +14.5% a year against +11.6%.

When is Employees Retirement System of Texas's next 13F filing due?

13F filings are due 45 days after each quarter ends. Employees Retirement System of Texas's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.